According to new research study on Managed Network Services Market research report provides size, share, trends, analysis report contains all study material about market industry overview, growth, demand and forecast research in all over the world. The report also analyses the competitive structure of the Managed Network Services and provides the profiles of major players operating in the market. Growth inducing factors, market restraints and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry.
The managed network services market is projected to reach US$ 112,441.87 million by 2028 from US$ 60358.48 million in 2022; it is expected to grow at a CAGR of 10.9% during 2022–2028.
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The digital transformation uses technologies to create new or modify existing business processes and customer experiences to meet the ever-changing business environment. Digital transformation has common goals, such as improving efficiency, adding value, and promoting innovation. As companies are increasingly adopting digital transformation to deliver better customer experiences and compete more effectively, there is a growing need for services that support such modernization of information technology (IT) within different enterprises.
Key Players Covered In This Report:
- Accenture
- Cisco Systems, Inc.
- Cognizant
- Fujitsu Limited
- Huawei Technologies Co., Ltd.
- Kyndryl Holdings, Inc.
- NTT Limited
- Tata Consultancy Services Limited
- Verizon
- HCL Technologies
The rising digital transformation is also boosting certain other factors, such as migration of workloads to the cloud and rapid growth in data generation. Companies continually migrated their workloads to the cloud for better flexibility and portability. As such migrations are relatively complex, large enterprises and small and medium enterprises (SMEs) seek MSPs for managed network services. Considering the advantages provided by MSPs in aiding technology adoption, the fast digital transformation is expected to boost the managed network services market size strongly.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2017-2025? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Managed Network Services market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Managed Network Services market?
- What are the prominent market trends influencing the development of the Managed Network Services market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Managed Network Services market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
MARKET SEGMENTATION
The managed network services market is segmented into type, deployment, organization size, and end-use vertical. Based on type, the market is segmented into managed LAN, managed network security, managed monitoring, managed VPN, managed WAN, and managed Wi-Fi. On the basis of deployment, the managed network services market is bifurcated into cloud and on-premise. Based on organization size, the market is segmented into large enterprises and SMEs. On the basis of application, the managed network services market is segmented into BFSI, government, IT & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and others.
The report covers the main drivers in the industry. In addition to the competitive planning in this area, it also provides an in-depth analysis of key growth trends and market prospects in the years to come. The research report also provides a clearer understanding of market trends for all manufacturers and investors.
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